posted November 15, 200720:31
This is mostly for my own feedback but as of the past week, tech stocks have taken a serious hit. this could be labeled as a correction, but all tech stocks including ones with crazy momentum, and great numbers, Apple -16%, google 17%, Rimm -32%, all are taking a walloping. I know it has been a bad week, but these stocks should be seeing light pullbacks from market conditions, seeing that we are going into the holiday season and Ad spending for google will be up, and god nows every brat is gonna want an iphone, blackberry or some other gizmo. instead of lead laced toys... I struggle to believe this is a new downtrend. but this pullback is large.

anyone have an opinion that will shed some light on this phenom? it seems like a good swing trade for most of these, especially Rimm, and apple. just need the right timing, I doubt the market can keep these 2 down.

posted November 16, 200708:21
jmo but watch the bond market also. Some here have started to slip a little. Seems some are also going up as people seek shelter but yields are wavering. With the housing and mortgage markets struggle and gas prices the way they are I am thinking major markets will see major lows over the winter months. Not to mention the strength of the good 'ole dollar. This could strike 5yr + lows. I am watching, and i'm waiting. Could be looking at some decent shakeouts.

posted November 17, 200705:37
jumped in apple today. i think it is the safest over christmas hold/bounce play on the market. music, music players, cell phone, and computer markets, all in the premium price range, and those are all good christmas gifts for a broad range of demographics...imo. with or without irrational price fluctuations.

boo i know nothing about bonds. I am sure these will affect prices and volitility but I think tech over xmas should be rather bullet proof. And if I'm wrong, then you can send me tips on predicting market reactions to bond markets I would love to learn all i can for a more "big picture" assesment of the market.

Top StoriesAs of 2 hours, 41 minutes ago Dow Drops Below 13,000- APStocks slid further Monday as Wall Street absorbed a gloomy outlook for the banking sector and anticipated bleak news from the National Association of Homebuilders. The Standard & Poor's 500 index and the Dow Jones industrial average each lost more than 1 percent.

Stocks were set to slide early Wednesday, as oil hit a record high and the dollar continued its downward spiral.

Futures on the S&P 500 were sinking 13.40 points at 1432.50 and were more than 11 points below fair value. Nasdaq 100 futures were falling 17 points at 2018.50 and were about 19 points lower than fair value.

Meanwhile, U.S. Treasury bonds were rallying early, pulling down yields. The 10-year note was up 25/32 in price, yielding 4.00%, a level not seen in two years. The 30-year bond was adding 1-3/32, yielding 4.44%.

Overnight, crude futures reached a record $99.29 a barrel, oil's first time above the $99-a-barrel mark. Recently, though, crude was up 27 cents from the last settlement price to $98.30 a barrel.

The dollar lost ground against the euro and the yen on fears that credit market woes and higher energy costs will cause economic growth in the U.S. to slow.

Both higher oil prices and a weakening dollar become more worrisome for traders in light of Tuesday's release of the minutes from the October Federal Reserve policy meeting.

The expanded minutes showed that Fed members regarded the interest rate cut last month as a "close call," but that the reduction was appropriate to help offset the effects of tighter financial conditions on the economic outlook. ----------------